RBL Bank Limited — Board Meeting, 18-01-2025: Outcome of Board Meeting

The Board of Directors of RBL Bank Limited has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024. The standalone net profit for the quarter stands at ₹3.26 crore versus ₹22.25 crore in the previous quarter. Interest earned has increased to ₹353.63 crore, while total income reached ₹460.97 crore. Notably, the Bank has made additional provisions of ₹414.01 crore on non-performing loans and recognized a net gain of ₹144.15 crore from an IPO divestment during the period. Shareholder equity remains solid with a capital adequacy ratio of 14.86%.